Brokers Issue Forecasts for OLLI FY2028 Earnings

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) - Research analysts at Zacks Research issued their FY2028 EPS estimates for Ollie's Bargain Outlet in a report released on Wednesday, April 2nd. Zacks Research analyst S. Singh expects that the company will earn $4.80 per share for the year. The consensus estimate for Ollie's Bargain Outlet's current full-year earnings is $3.29 per share.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its earnings results on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing analysts' consensus estimates of $1.20 by ($0.01). Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company had revenue of $667.10 million during the quarter, compared to analysts' expectations of $674.61 million. During the same quarter last year, the firm posted $1.23 EPS. Ollie's Bargain Outlet's revenue for the quarter was up 2.8% compared to the same quarter last year.

Other equities analysts have also recently issued reports about the stock. StockNews.com cut shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research note on Tuesday, February 4th. Citigroup upgraded Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and boosted their target price for the company from $64.00 to $133.00 in a research report on Wednesday, December 18th. Loop Capital increased their price target on Ollie's Bargain Outlet from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. UBS Group boosted their price objective on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. Finally, Morgan Stanley upped their price objective on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Ollie's Bargain Outlet has a consensus rating of "Moderate Buy" and a consensus price target of $123.08.

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Ollie's Bargain Outlet Stock Performance

NASDAQ OLLI traded up $1.17 on Monday, hitting $114.42. 1,375,912 shares of the stock were exchanged, compared to its average volume of 1,127,942. Ollie's Bargain Outlet has a 52-week low of $70.17 and a 52-week high of $120.03. The firm has a market capitalization of $7.01 billion, a P/E ratio of 34.16, a P/E/G ratio of 2.21 and a beta of 0.75. The stock has a fifty day moving average price of $106.14 and a two-hundred day moving average price of $103.35.

Hedge Funds Weigh In On Ollie's Bargain Outlet

Large investors have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Ollie's Bargain Outlet by 489.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock worth $25,000 after buying an additional 191 shares during the period. Wilmington Savings Fund Society FSB grew its position in Ollie's Bargain Outlet by 337.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock worth $26,000 after purchasing an additional 182 shares during the period. Bogart Wealth LLC purchased a new stake in Ollie's Bargain Outlet in the 4th quarter worth approximately $26,000. Blue Trust Inc. increased its holdings in shares of Ollie's Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company's stock valued at $31,000 after purchasing an additional 101 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Ollie's Bargain Outlet during the 4th quarter worth about $33,000.

Insider Buying and Selling

In related news, CFO Robert F. Helm sold 2,139 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $115.74, for a total transaction of $247,567.86. Following the completion of the transaction, the chief financial officer now owns 2,961 shares in the company, valued at $342,706.14. The trade was a 41.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Der Valk Eric Van sold 1,153 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $110.85, for a total transaction of $127,810.05. Following the completion of the sale, the chief executive officer now owns 6,768 shares of the company's stock, valued at approximately $750,232.80. This trade represents a 14.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,897 shares of company stock valued at $4,227,970 over the last 90 days. Corporate insiders own 0.87% of the company's stock.

About Ollie's Bargain Outlet

Ollie's Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company's products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.